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Tag Archives: jp morgan global composite pmi

It All Comes Down To The Service Sector

It was framed as a good news/bad news sort of situation. For many, the entire issue of possible recession revolves around the service sector. As far as manufacturing goes, no one will argue otherwise; it’s already in trouble. But it’s a much smaller slice of overall economic activity, and unless we are talking 2008 levels of collapse there “needs” to be more on the downside for it to make a big enough difference in tipping the whole economy. The hope rests entirely upon services. If services...

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